Pullback opportunity into major demand zoneNEAR / TetherUSBINANCE:NEARUSDThjryyzpjqkNEAR has shown strong bullish momentum after rebounding from the recent lows near $1.85, reclaiming short-term moving averages and pushing back above the psychological $2.00 level. Technical Structure * Price is currently trading around $2.17 * Recent recovery suggests buyers are defending the area above the 200 EMA. * Momentum indicators are beginning to recover from oversold conditions, but have not yet confirmed a full bullish reversal. * The recent rejection from the $2.70-$2.80 region remains the major obstacle for continuation higher. Key Resistance Levels 🔴 $2.30 – Immediate resistance 🔴 $2.70 - $2.80 – Previous swing high area 🔴 $3.08 – Major resistance and recent high A breakout above $2.30 would increase the probability of a move toward the $2.70-$3.08 range. Buy Zone 🟢 $1.496 – $1.157 This highlighted demand zone represents a potential high-probability accumulation area if the market experiences another corrective wave. Reasons: * Previous consolidation structure. * Strong historical support. * Favorable risk-to-reward for long-term positioning. * Located near higher timeframe value areas. Momentum Indicators * RSI is recovering from bearish territory but remains below bullish expansion levels. * Stochastic oscillator is attempting a bullish crossover from oversold conditions. * Volume has declined during the recovery, suggesting traders should watch for increased participation before expecting a sustained breakout. Bullish Scenario If NEAR holds above $2.00 and breaks $2.30 with volume: * Target 1: $2.70 * Target 2: $3.08 * Potential extension toward higher Fibonacci retracement levels. Bearish Scenario Failure to maintain support above $2.00 could trigger: * Retest of $1.80 * Deeper correction into the highlighted accumulation zone between $1.496 and $1.157 Conclusion The broader structure remains cautiously bullish while price trades above the major support region. However, traders should remain patient, as the highlighted buy zone offers a significantly better risk-to-reward entry should a deeper market pullback occur. Trade the plan, not the emotion.